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$2.2M
$364,100
Unlock Appraised Value
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Try Picki for FREEConfidence
High
High
$1,600,000
Medium
$1,400,000
Low
$1,200,000
Confidence
Medium
This remarkable vineyard property in central Victoria offers 29.65 acres, including 18 acres of diverse wine grapes such as Shiraz, Cabernet Sauvignon, and Merlot. Enhanced by eucalypt forests, the estate features a modern function room, substantial main residence, and ample shedding. It boasts both cozy and substantial accommodations with three-level homestead and additional cottages, ideal for extra income. Its proximity to Bendigo and Melbourne adds to its appeal. With additional development potential, this property's price makes it an outstanding investment opportunity.
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84%
$713K
510.9%
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Try Picki for FREE$20,000
-$33,985
3.0%
Asking Price
-
Estimated Purchase Price
$1,380,000
Stamp Duty
$75,900
Transfer Fee
$3,335
Conveyancing
$1,196
Deposit (10%)
$138,000
Reg. Mortgage
$129
LMI Premium
$43,181
Renovation Costs
-
Total Cash/Equity Required
$262,290
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$41,600
$59,210
Property Management
+7.7% PA
$3,203
$4,559
Rates
+3.0% PA
$1,710
$2,231
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$33,422
$48,159
Interest Repayments
$81,972
$81,972
Net Cashflow Before Tax
-$48,550
-$33,813
Depreciation
-
-
Tax Offset
-$14,565
-$10,144
Net Cashflow After Tax
-$33,985
-$23,669
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Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,495,200
$2,702,966
Loan Balance
I.O
$1,242,000
$1,242,000
$253,200
$1,460,966
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Education and Training - 9.0%
Manufacturing - 8.0%
Others - 53.0%
Average Income
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEAverage Population
projected
for 2024 to 2026
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Trusted by over 13,000 property buyers and counting...
Try Picki for FREEMonthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
No data available
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
